$BTC Bitcoin Rises, Ether and XRP Fall
Elsa Ohlen, Dow Jones writer, has published an article on TradingView highlighting the current state of the crypto market titled "Bitcoin Rises, Ether and XRP Fall. What Trends Say About This Crypto Slump".
According to the piece, Bitcoin edged up 0.2% to $114,168, showing relative strength amid mixed performance across the broader market. In contrast, Ether declined 0.8%, XRP dropped 4.7%, and Solana fell 2%, as traders reacted to signs of a slowing U.S. economy and shifting risk sentiment.
Despite slight gains in stock futures, crypto assets — often considered risk-on investments — appear to be weighed down by uncertainty. However, FxPro analyst Alex Kuptsikevich suggests this dip may be temporary, largely due to profit-taking and liquidity moves, though the lack of momentum is pushing active traders to the sidelines.
The article reflects a cautious tone: while macroeconomic trends hint at a possible interest rate cut by the Fed in September, crypto markets remain in limbo, awaiting a clearer breakout or trend reversal.
